Technical Analysis

Fed’s Bullard: Inflation is still too high but it’s moderating

  • Fed policy is not yet restrictive but it will be soon with more hikes
  • Inflation to moderate in 2023
  • Fed action with the prospect of more hikes is helping dampen inflation
  • Inflation expectations consistent with Fed’s 2% target
  • US GDP likely moderating to potential of around 2%

Bullard is typically hawkish but he’s not this time. The market has taken notice, with the dollar softening and stocks finding a bid.

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